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Armada Sterling III FPSO Named
In December 2014, Bumi Armada Berhad through its wholly-owned subsidiary Bumi Armada Offshore Holdings Limited (BAOHL), together with its joint venture company, PT Armada Gema Nusantara (PT AGN) were awarded a contract to supply one floating…
US Drillers Extend Rig Recovery
The number of rigs drilling for oil in the United States rose again this week, extending its second-best streak of no cuts into a 17th straight week, with analysts expecting more additions as crude prices hold over $50 a barrel. Drillers added 11 oil rigs in the week to Oct.
FSO Equipment Order for Royal IHC
Royal IHC has signed a new contract for the engineering, procurement and construction of a tandem mooring and offloading system for an FSO vessel (Floating, Storage and Offloading). The offloading system will be placed on the FSO vessel on behalf of Sembcorp Integrated Yard in Singapore.
Technip's Pilenko: Hard Times Still ahead for Oil Services
The crisis hitting the oil services sector is far from over and the next two years will be even more difficult for some companies, the chief executive of French oil services company Technip said on Thursday. "Unfortunately for some companies, this is just start.
Nakilat Transitions LNG Fleet from Shell
Nakilat Shipping Qatar Limited (NSQL) signed an agreement with Shell International Trading and Shipping Company Limited (Shell) to begin the planned phased transition of the management of Nakilat’s LNG fleet from Shell to NSQL. Shell has provided…
Petrobras: Sept. Output in Brazil Hits 2.75 Mln BPD
State-run oil company Petrobras' production of oil and natural gas in Brazil reached 2.75 million barrels of oil equivalent per day in September, the company said in a securities filing on Monday. Petroleo Brasileiro SA, as the company is formally known…
Golar Power Greenlights Sergipe Power Project
The board of Golar Power announced that it has approved taking a Final Investment Decision on the Porto de Sergipe Project, thereby enabling CELSE, the project company, to enter into a lump sum turn-key EPC agreement with General Electric to build…
Former Brazil Senator Sentenced in Petrobras Probe
A former Brazilian senator was sentenced on Thursday to 19 years in prison for corruption, money laundering and obstruction of justice in the investigation of kickbacks at state-run oil company Petrobras. Gim Argello was arrested in April on…
Sea Trucks Awarded Contract Offshore Ghana
Sea Trucks Group said it has secured a contract award from Tullow Ghana Limited for the provision of a Construction Support Vessel (CSV) providing Accommodation and Heavy Lift services to the turret moored FPSO Kwame Nkrumahe, located in the Jubilee Unit Area, 60 km offshore Ghana.
Krill Installs LNG Regasification Monitoring System in Dubai
Krill Systems Inc., recently completed KRMC (Krill Regasification Monitoring Center) installation for a major worldwide fleet owner of floating storage regasification vessels. The installation, full testing and system verification, took place in Dubai.
The Next Generation in Subsea Compression Technology
Just one year after the first subsea compression systems went on stream at Statoil’s offshore Åsgard field, industry giants Aker Solutions and MAN Diesel & Turbo now aim to cut the size and weight of such systems by at least 50 percent. Compressors…
South Korean Yards Eyed for $3.8 Bln LNG Shipbuilding Deal
A little-known investment company said it intends to order up to 20 liquefied natural gas (LNG) carriers, probably from South Korean shipbuilders. The contracts would be worth as much as $3.8 billion, two people with direct knowledge of the matter told Reuters.
Petrobras, Galp Extend Cooperation Accord
State-controlled Petróleo Brasileiro SA and Galp Energia SGPS SA have broadened an existing cooperation accord between the Brazilian and Portuguese oil producers, to include offshore oil research and development projects and exploration and production partnerships.
McNeel to Replace Lieungh as Sevan Marine CEO
Carl Lieungh will step down as CEO of Sevan Marine ASA effective January 1, 2017. The company’s board of directors has appointed current CFO Reese McNeel to take up the CEO role while continuing to carry out the CFO function. Under the agreement reached between Lieungh and the board…
Lifetime Assessment for Deepwater Moorings
Mooring integrity is an important concern in the offshore industry [1]. Mooring leg failures can have significant consequences, such as temporary shutdowns and require unplanned, thus expensive, repairs. On the other hand, an over dimensioned…
Trelleborg Bears Weight of Largest Ever Offshore Facility
Trelleborg’s engineered products operation has supplied a selection of bearing solutions for the world's first floating liquefied natural gas (FLNG) project – Shell’s Prelude FLNG. Trelleborg has manufactured and delivered 52 vertical elastomeric…
Brazil Prosecutors Uphold Rejection of SBM Leniency Deal
Dutch oil-ship lessor SBM Offshore NV said on Thursday that Brazilian prosecutors have confirmed their Sept. 1 decision to reject a $328.2 million leniency deal to avoid prosecution for corruption related to contracts with state-led oil company Petrobras.
DOF Subsea Wins Athena Decommissioning Work
Subsea services provider DOF Subsea said it has been awarded a contract by Ithaca Energy for phase 1 of the decommissioning of the Ithaca operated Athena Field in the U.K. North Sea. Athena is located in U.K. Continental Shelf block 14/18B in…
ABB, Microsoft Partner to Drive Digital Industrial Transformation
ABB and Microsoft Corp. announced a strategic partnership to help industrial customers create new value with digital solutions. The offering is a unique combination of the Microsoft Azure intelligent cloud and ABB’s domain knowledge and extensive portfolio of industrial solutions.
Ivory Coast Establish Total-led LNG Consortium
Ivory Coast signed a partnership pact on Tuesday to create a consortium headed by France's Total to build a liquid natural gas (LNG) import terminal that could begin receiving gas shipments by mid-2018. Ivory Coast has emerged from years of…
Transocean Floater Transocean Barents Enters Contract
Transocean Ltd. (NYSE: RIG) announced today that the Transocean Barents, a harsh-environment, ultra-deepwater floater, has been awarded a 15-month contract with Suncor Energy at a dayrate of $260,000. The estimated contract backlog, excluding mobilization, is $119 million.